Well, you gott admit Joe —this doesn’t look good.
During President Biden’s Inflation Reduction Act celebration at the White House on Tuesday afternoon, CNN was forced to cut away to cover the Dow’s worst day since June 2020. It really shows how out of touch Joe is.
From Fox News:
On a Tuesday episode of CNN Newsroom With Alisyn Camerota and Victor Blackwell, the hosts observed that Biden’s speech touting the success of the Inflation Reduction Act was poorly timed, noting the simultaneous collapse of the stock market.
Earlier in the day, the latest consumer price index report was released, showing inflation rose 8.3% in August from a year ago. The Biden administration chose that afternoon to hold a celebration of the Democrats’ Inflation Reduction Act on the White House lawn.
While Biden claimed the Inflation Reduction Act was the “single most important legislation passed in the Congress to combat inflation and one of the most significant laws in our nation’s history,” the Dow Jones Industrial Average tumbled in real time amid concerns about rising prices, having its worst day since June 2020.
At one point, CNN pulled back from its live coverage of the speech, noting the “unfortunate” visuals of the president celebrating while the Dow took “a total beating.”
CNN cuts from coverage of Biden’s Inflation Reduction Act speech as Dow plummets: 'Hard to be celebratory' https://t.co/SMdG6JeZIC
— Fox News (@FoxNews) September 14, 2022